click to show more information

click to hide/show information About your Search

20130113
20130121
Search Results 0 to 11 of about 12
of rules that have been established that are impossible to meet without doing severe damage to the economy. we're not going to put ourselves in a position where, in order to pay for the spending we have already incurred, where the two options are we were way to either profoundly hurt the economy, hurt seniors, hurt kids trying to go to college or we will blow up the economy. we will not do that. not whatever congress does. they will have to send me something that is sensible. we should not be doing this in a one-three month time when. why should we do that? where the united states of america. we cannot manage our affairs in such a way that we pay our bills and provide certainty in terms of how we pay our bills? look. i do not think anyone would consider my position on reasonable. major, i am happy to have a conversation about how we reduce our deficits. i'm not going to have a monthly or every three months conversation about whether or not we pay our bills. that in and of itself does severe damage. even the threat of default hurts our economy. it hurts our economy as we speak. if we want t
escalates the fight on the w economy. is the debt ceiling negotiable? your thoughts? send us a tweet or post your comment on facebook. you can also send us an e-mail. president obama held his last official news conference of the first term yesterday in the east room of the white house. here's what he had to say on the debt ceiling debate. [video clip] >> republicans and congress have two choices. they can act responsibly and pay america's bills or they can act irresponsibly and put america through another economic crisis. but they will not collect ransomed in exchange for not crashing the american economy. the financial well-being of the american people well-being is not a leverage to be used. the full faith and credit of the united states is not a bargaining chip. they had better choose quickly, because time is running short. the last time republicans in congress even flirted with this idea, r. triple-a credit rating was downgraded for the first time in our mystery, our businesses created the few jobs in any month in nearly the past three years, and the whole fiasco added to the deficit. ho
the private and the public economy, balance between the cost and hoped for advantages, balance between the clearly necessary and the comfortably desireable, balance between our essential requirements as a nation and the duties imposed by the nation upon the individual, balance between actions of the moment and the national welfare of the future. good judgment seeks balance in progress, lack of it eventually finds imbalance and frustration. >> words of president eisenhower 52 years ago. are those words relevant today as he talked about what government can and cannot do in solving problems. that speech is still available online. and pointing out those remarks giving the country a dire warning about what he described as a threat to democratic government. he also used the phrase military industrial complex. since then that has become a rallying cry of opponents for expansion. in an effort to control the expansion of the military industrial complex the president sought to cut the pentagon's budget. he wanted a budget he said the country could afford. share your thoughts about the role you t
there was a federal government shut down and they butted heads and the economy survived. when we had the debate over the debt ceiling that led to the downgrade. they are two different fights and the republicans might be willing to fight on another one. there won't be as big of a risk short-term to the u.s. economy. >> thank you very much. a great pleasure having you on. former governor mark sanford said he is scared to death and calls himself a wounded warrior. but he said he is ready for a political come back to fight the scandalous affair that ruined his marriage and career. we will tell you more about his plans coming up. zero dark 30 director is answering critics who slammed her for including torture scenes in the movie. something we thought you should know. what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex offi
, for our economy cannot be overstated. the sovereign debt of the united states, for it to be questions that we would pay our bills or not, is not a scenario that we want to go through as a country. that would really harm us. that said, as i was coming back on the train from new york, i shared this with those with me. i said you're going down this track at 130 miles an hour. what would cause the conductor, knowing that if he veers off on this next rail to the right and pulled the switch that would cause that to happen, even if he knew it would put the train at severe risk by veering off to the right, what would be the only reason a person would go off that course rather than go straight? and the reason is that there's a larger cavern, kind of a grand canyon that we are about to go off. here's what i have concluded as a businessman and a seasoned public servant. the music will stop at some point with respect to where we are. when we are pouring $1 trillion a year, 40 cents on the dollar, you cannot do that into perpetuity. the time for leadership is right now. the time to address this is
have the will to the poverty a priority with in this country? >> you have to have the real economy. but we have now? i am amazed -- you could talk about public education, we could talk about health care. everyone knows that a single payer health care system would -- insurance would cover everyone. insurance companies would be gone. cost, quality, access would be at a premium in terms of our ability to be a civil society if we had a single payer health care system. we could generate almost 3 million jobs, which would serve to stimulate the rest of the economy when you are building -- and actually taking care of the people. they know that in washington. viable. -- valuable. they just want to privatize it. i think you all doing a beautiful job -- the nurses appreciate you so deeply. honestly, the progressive caucus, the black caucus -- but one of the things that you said, and i completely agree, is that you have got to push. we have got to treat a movement in this country -- occupy was a moment. it needs to start up and keep going -- it needs to bring millions of people with it. the r
that healthy ecosystems also can mean healthy economies. from louisiana, what we have taken -- what we believe is a very good first effort the addressing the vulnerabilities that exist in reducing that risk is with the state's matter of fact plan which is a long- term plan to reduce the economic significance and reduce the risk across the coast. we believe we can achieve protection for all coastal communities. it is that resource that is important. the states provide and the gulf provides to the nation, it if it is going to be afforded through the nation. we believe with this plan we can have sustainable healthy ecosystems but also healthy communities. there's an essence of -- there is a form of social engineering because if you can't ensure the communities, the supermarket, the schools, the things that the communities depend on, the communities will not survive. we want to make sure we will develop a healthy system but also healthy communities that can provide those resources. we have come a long way, it is not perfect but we have a plan to achieve this sustainability and protecting the commu
in the economy before he was inaugurated and nobody knew what he was going to do and people said that they should have sent signals. it would have helped the country but it seems like it helped them do a better job waiting. we've two of them for president now and the fiscal crisis and the war going on and everybody is wondering what is going to happen. what advice would you give to mccain or obama of the should do once they are elective or should they wait until they are inaugurated to say what they are going to do? >> the question is if i could repeat, another excellent question. the parallel between lincoln and fdr not doing anything in the four months that they faced the real crisis as compared to the crisis the next president will inevitably face and whether he should be involved. i will say quickly as daniel weinberg knows one of the inspirations for the book was jonathan alter's book on clinton's roosevelt first 100 days with strong sections on the president-elect and i still remember vividly which is the good thing about the book remember building reza on march 2nd or 3rd. you've got to do
promises. or helping the economy. how did you weigh those? when he makes a promise on the plus side, does he get a plus on at 500 or does he get a negative? the net -- the next time, does he get guest: we have a category called obama's top promises. you can look at those and you can see that i think his record of fulfilling them is not quite as high as overall. you make a good point -- some of his promises were sweeping and thematic and others were very specific. there were two that were lighthearted -- we included two promises like that. one was his promise during the campaign that he would buy his daughter as a puppy which is a promise kept in the other was that he would fight for a college football playoff system which we also raided a promise kept indeed, you could say this is the aggregate and you need to look in on the more narrow numbers. we published an article yesterday but we welcome anybody who wants to tally them up in different ways and provide an analysis. all promises are not created equal. host: we are looking at the top promises on politifact - tell us more about compromi
is greater than our nation's economy exceeding our g.d.p. and we have on the floor floor toda legislation that calls upon our children and grandchildren even greater burdens of debt. it's time to end the credit card economics. we simply cannot afford to spend money that we are borrowing from countries like china on-line items we don't need and constitution isn't authorized to spend. my amendment strips one line item out of this bill. this is really low-hanging fruit. the sandy relief effort was increased by $1 million to boost the legal services corporation, massacre aiding as disaster relief and i thought we had a ban on earmarks in this congress. why is a bailout for new york lawyers emergency hurricane relief, even if you believe this is a legitimate government program which i don't, by the way, how can you argue that spending on lawyers is a legitimate emergency spending? let me say again, for $-- we are $16 trillion in debt, we are $16 trillion in debt, america. we simply cannot afford to continue like this. we cannot keep spending on money we don't have on things we can't afford and
the value of my house. the economy went south on us. now the banks are sending us these low interest rates. i go back to refinance the house or remorse reached the house at 6.75%. bank tells me i do not make enough income or income to debt ratio for the house. i do make enough to pay the 6.75%. if the given the lower rate, i would be saving $1,000 a month. what can be done about that? guest: there are many, many borrowers who are having trouble refinancing their home loans. i hear from a lot of them. it is a real problem. we had a pendulum that had swung out into the wild west or anybody that was breathing got a mortgage. now it has swung the other way. the banks are being ultra cautious and requiring owners disclosures and very conservative income levels. i think there is an element of your story that questions -- does the bank wanted about the 6.75% interest that you're paying on your mortgage. that is a rich interest level in this environment. you have to wonder if the bank isn't holding on to your loan to maintain that high level of interest. i wonder if the might be worth your while t
or to radically, giving too much money into many loans purses to few. banks are important part of the economy and the finance new job growth and the ability of people to buy a home, which is the largest single investment that they will make. we really need for them to be there to help the consumers and businesses finance their operations. the balancing act is not being too strict so that they will draw in and not land but not being too lax. that is a fine line. we shall we shallthe cfpb has achieve that with these rules. financial institutions will complain about any regulation because they did not want to be subject to kinds of rules that instruct them in how to do their business. when you read the complaints from the financial industry, i would say we have to take some of those with a grain of salt. host: gretchen morgenson is the "the new york times" assistant business and financial editor. she was co-author of "reckless endangerment.' guest: who basically were the interco parties in creating the crisis decades later. host: don is next from clifton, virginia. caller: a good time to segue t
Search Results 0 to 11 of about 12